“Door opened” for rent caps, cheaper mortgages, a new Golden Visa & reduced VAT for social housing
New housing strategy released for public consultation – A new version of the “My Home” program is also proposed, with tax incentives for banks
Housing price slowdown after 8 years of increases
A normalization phase is beginning, as land prices fell by 1.7%, the pace of house price increases is slowing, and rents are decreasing in some areas - While demand remains high, up 12% compared to last year
Research: Yet, we are a country of property owners (not renters)
In Greece, there are 7.3 million registered real estate properties, 70% of which are used for owner-occupation - Renters are estimated at around 800,000, while rising prices and limited availability of housing drive burdensome rent increases